NewsletterAnimoca Brands Eyes IPO In Hong Kong or Middle East In 2025
Highlights
- Animoca Brands is exploring an IPO in Hong Kong or the Middle East as early as next year.
- The company is considering re-entering public markets after its 2019 delisting from the Australian Securities Exchange.
- Animoca is expanding its Web3 ecosystem, including the launch of the Moca network and an NFT launchpad in Japan.
Animoca Brands, the blockchain gaming and Web3 investment company, is exploring the possibility of going public as early as next year. The company is eyeing potential listings in Hong Kong or the Middle East. While preliminary discussions with investment banks have taken place, Siu noted that Animoca has not yet formally engaged any financial advisors for the process. This move signals the company’s ambitions for growth and its confidence in the expanding digital asset market.
Animoca Brands Exploring IPO Possibilities
According to a report from The Information on Wednesday, Animoca Brands is planning to go public in 2025. The company is considering listing either in Hong Kong or the Middle East, as stated by co-founder Yat Siu.
This move would represent a return to public markets for Animoca, over four years after its delisting from the Australian Securities Exchange due to accounting concerns. Both Hong Kong and the Middle East have positioned themselves as crypto-friendly hubs by developing regulations tailored to the needs of crypto companies, as part of broader efforts to attract tech firms and expand capital markets in these regions.
While the exact location for the initial public offering (IPO) has not been finalized, Animoca is known for its substantial investments in non-fungible tokens (NFTs) and crypto gaming companies, indicating a strong strategic direction for the potential public listing.
In addition, Web3 platform Redacted has secured $10 million in funding, led by Spartan Group with participation from Saison Capital, Animoca Brands, and Polygon Ventures. The company combines blockchain and AI to create an ecosystem where users can play games, trade, watch content, and earn rewards, all within a unified Web3 environment.
Also Read: German Govt Moves Another 595 BTC to Crypto Exchanges
Expanding The Web3 Ecosystem
Animoca Brands is making significant strides in the Web3 space with its ambitious projects. One of their major initiatives is the development of the Moca network, which is designed to be compatible with any decentralized app, wallet, or blockchain. This network already has the support of over 450 companies within Animoca’s ecosystem, targeting a vast user base of approximately 700 million individuals.
The company anticipates that as more partners and users join the Moca network, a snowball effect will occur, leading to increased resources, value creation, and community benefits. Additionally, Animoca is preparing to launch an NFT launchpad in Japan this summer, inviting enthusiasts and potential users to participate in this innovative venture.
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